accepting house


Also found in: Financial, Wikipedia.

accepting house

or

acceptance house

n
(Banking & Finance) a financial institution that guarantees a bill of exchange, as a result of which it can be discounted on more favourable terms
Translations

accepting house

n (Brit Fin) → Akzeptbank f
References in periodicals archive ?
NMB Bank was registered as an accepting house under the Banking Act in June 1993.
Joining the struggle against her country's military dictatorship, she now refuses to leave, accepting house arrest instead, because she identifies so completely with those on the margins exploited by the regime, a move that has separated her from her husband (who has since died) and her children.
The group's main holding, Arbuthnot Latham and Co, is a private bank that has the status of one of the twelve accepting houses in the UK.